Peterborough, ON K9J 2P2,485-487 Sherbrooke ST
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Peterborough, ON K9J 2P2,485-487 Sherbrooke ST
Peterborough, ON K9J 2P2,485-487 Sherbrooke ST
Peterborough, ON K9J 2P2,485-487 Sherbrooke ST
Peterborough, ON K9J 2P2,485-487 Sherbrooke ST

$465,000

Est. payment /mo

$485,000

4.1%
Est.Price: ?

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485-487 Sherbrooke ST Peterborough, ON K9J 2P2

4 Beds

3 Baths

SOLD DATE : 11/01/2024

Key Details

Sold Price $465,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID X8336240

Sold Date 11/01/24

Style 2-Storey

Bedrooms 4

Annual Tax Amount $3,859

Tax Year 2023

Property Description

Approximately 7% Cap and "Additional Residential Unit Potential". This side-by-side triplex has 2 one bedroom units at 485 that are currently vacant. Both have been freshly painted and are ready for new tenants at market rents. The landlord pays utilities on this side. 487 is a two storey, two bedroom unit, with long term tenants that would like to stay. They pay $982 plus heat, hydro, water and sewer, as well as yard maintenance. The property has plenty of potential, as the lot is 240 feet deep. This would potentially allow for additional Residential Units to be build out back. Great potential here for the investor, or live in one unit and rent the others. Home Inspection available and easy to show. (Potential Buyers to consult the City of Peterborough regarding any ARU potential)

Location

Province ON

County Peterborough

Zoning R2

Rooms

Family Room No

Basement Unfinished

Kitchen 3

Interior

Interior Features On Demand Water Heater

Cooling None

Exterior

Garage Private

Garage Spaces 6.0

Pool None

Roof Type Asphalt Shingle

Parking Type None

Total Parking Spaces 6

Building

Foundation Stone

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Listed by ROYAL LEPAGE FRANK REAL ESTATE

GARRY BASSAN

Sales Representative | License ID: 5006208

+1(647) 285-5790

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